PayIt announces $100M+ funding round from single investor
March 28, 2019 | Austin Barnes
Simplifying government services through tech just got easier for Kansas City-based startup PayIt. All thanks to a funding round of more than $100 million, the company announced Thursday.
UPDATED: ‘Transformative’ $100M+ investment for PayIt means KC GovTech startup will boost hiring
PayIt — named one of Startland’s 10 Kansas City Startups to Watch in 2018 — received the funding from a single investor, New York City-based, Insight Partners, Techcrunch reported.
The startup — which had previously raised $11 million — will use the money to expand its services into various government sectors and international markets, the digital tech magazine said.
Specializing in govtech/fintech applications that better connect government to its constituents, PayIt made news in 2018 thanks to major partnerships with the State of Kansas and the Unified Government of Kansas City, Kansas. But the biggest boast comes in terms of the startup’s headcount, PayIt CEO and co-founder John Thomson said.
Click here to read more about how PayIt is helping Kansas drivers skip the line at the DMV.
The company grew to 55 employees in 2018 from just under 30, Thomson detailed.
Startland will have more on this story as it develops.
Featured Business
2019 Startups to Watch
stats here
Related Posts on Startland News
Fashion Arts Fund names new leader as shift toward new vision comes into focus
A Kansas City nonprofit dedicated to making impact on the city’s fashion scene announced its new executive director Wednesday — stitching a dyed-in-the-wool KC fashion designer into the organization’s new look. Elon Kebede — founder, designer, and creative director for Kansas City, Kansas-based ELU by Elon — is expected to lead the Fashion Arts Fund,…
Pitch event matches queer singles with dates, but there’s a catch: It’s a bestie behind the mic
Singles within Kansas City’s queer community are about to experience a fresh take on matchmaking, said Tiffany Watts, detailing plans for a pitch event this week where lonely hearts could find connections with help from people who already see them best: their friends. The interactive Where to Find Us event is set for Thursday, Nov.…
KC-built Raven Space Systems awarded $1.8M contract via Air Force’s innovation arm
A LaunchKC alum’s latest stratospheric news: a hefty U.S. defense contract to produce 3D-printed reentry aeroshells for hypersonic flight testing — a breakthrough technology that’s expected to address some of the of most pressing challenges faced by today’s Air Force. Raven Space Systems on Monday announced the $1,800,000 STTR (Small Business Technology Transfer) Phase II contract.…
SafetyCulture names new CEO as founder moves into new strategic executive role
A global tech company with its U.S. headquarters in Kansas City is transitioning to American leadership. Kelly Vohs, a New York-based executive and former Green Beret in the U.S. Special Forces, is set to become CEO of the Australian company SafetyCulture Jan. 1 Founder Luke Anear, who long served as the rapidly scaling business’ CEO…